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Your Business Can Now Cash In On UCount Rewards

That’s why the financial institution will soon introduce UCount Rewards for Business, an SME-focused spin-off of the immensely popular UCount Rewards.

Standard Bank

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Owning and running a small business is undoubtedly complicated. The only people who know this better than the owners themselves are the financial and small business experts at Standard Bank, the bank that positions itself as the bank for entrepreneurs. That’s why the financial institution will soon introduce UCount Rewards for Business, an SME-focused spin-off of the immensely popular UCount Rewards.

Created specifically for sole proprietors, close corporations and propriety limited companies with an annual turnover of R10 million or less, as well as small agricultural businesses, the programme allows SME owners access to a number of benefits including Card Rewards, Fuel Rewards and Travel Rewards.

All the benefits are designed to facilitate the managing and operations of the small-enterprise business model.

Related: How Flick Visual Foundry Found High Rewards By Taking A Narrow View

Fayelizabeth Foster, Head of Loyalty and Rewards at Standard Bank, explains the programme’s mechanisms: “Just like UCount Rewards for individual consumers, members of UCount Rewards for Business can collect rewards points simply by using their Standard Bank Business Credit, Cheque or Debit Card to pay for the everyday running of their operations. The rewards begin as soon as the business joins the programme and the first purchase is made, and continues as long as the business is actively using their cards and moving up tier levels.”

Using the above-mentioned cards, members can collect up to:

  • Card Rewards – 1.25% back in Rewards Points on all purchases;
  • Fuel Rewards – R2 back in Rewards Points on every litre of fuel purchased at Caltex;
  • Travel Rewards – International – 40% back in Rewards Points on international flights on Etihad Airways, plus an instant 15% discount when booking through the UCount Rewards Travel Mall;
  • Travel Rewards – Domestic – 40% back in rewards points on all domestic flights booked through the UCount Rewards Travel Mall; and
  • Retailer Rewards – 5% back in Rewards Points for purchases online and/or in-store at any of our Rewards Retailers,.

Members can also collect:

  • Tier Rewards – Up to 400 Tier Reward Points each month depending on their Rewards Tier
  • Dual Membership Rewards -3600 Dual Membership Rewards if they hold membership of both the UCount Rewards and UCount Rewards for Business programmes.
  • Social Rewards – Rewards Points on Social Media for members who link their Twitter and /or Instagram accounts

Ten (10) Reward Points are equal to R1, and the number collected and how fast depends on three variables, i.e. The Rewards Tier (the higher the rewards tier, the more points are collected), the value of monthly card spend and the Tier Rewards

“There are five rewards tiers which are dependent on the number of Standard Bank products and services the business chooses to use on a monthly basis,” Ms Foster continues. “The higher the rewards tier, the more rewards points can be collected from qualifying purchases.

Ethel Nyembe, Head of Small Enterprise at Standard Bank, believes that one of the differentiators of UCount Rewards for Business is the embedded Business Support Services.

Related: Successful Entrepreneurs Limit The Downside To Maximise Profits In The Future

“This programme was designed to reward members for their business banking behaviour in the interest of a healthier entrepreneurial environment,” says Ms Nyembe.

“As such, it addresses specific business needs and offers services, in exchange for rewards points – that are crucial to successfully running a business.”

These Business Support Services include Marketing & Sales, Legal & Tax, Technical Support and HR Consult. As Standard Bank understands that business needs change, UCount Rewards for Business members have the prerogative to switch their chosen Business Support Service every six months, free of charge.

“We believe that UCount Rewards for Business provides real banking value to our our customers who have business accounts,” Ms Nyembe continues. “Business is challenging, but collecting rewards is easy, and SMEs joining this programme will reap the rewards simply for going about business as usual.”

Standard Bank SA is the largest operating entity of Standard Bank Group, Africa’s largest bank by assets. Standard Bank SA provides the full spectrum of financial services, with more than 720 branches and over 7 100 ATMs. Independent surveys of customer satisfaction consistently place Standard Bank at or near the top of their rankings. The personal and business banking unit offers banking and other financial services to individuals and small-to-medium enterprises. For further information, go to community.standardbank.co.za

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The Alfa Romeo Stelvio – More Than An SUV

The All-New Alfa Romeo Stelvio draws inspiration from the legendary mountain pass linking Italy to Switzerland, with 48 hairpins in quick succession.

Alfa Romeo

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The All-New Alfa Romeo Stelvio draws inspiration from the legendary mountain pass linking Italy to Switzerland, with 48 hairpins in quick succession. The Stelvio pass is widely seen as one of the most beautiful and engaging roads on the planet.

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Enhance Your Entrepreneurial Flair With An Online Postgraduate Diploma From The University Of Pretoria

The Department of Business Management at the University of Pretoria, a leader in business management education, will be offering an Online Postgraduate Diploma in Entrepreneurship for the 2018 academic year with some seminars to enrich your action learning experience.

Dr Alex Antonites

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The Department of Business Management at the University of Pretoria, a leader in business management education, will be offering an Online Postgraduate Diploma in Entrepreneurship for the 2018 academic year with some seminars to enrich your action learning experience.

The programme content focuses on the start-up processes, creativity and opportunity recognition, business planning and marketing as well as financial management. Furthermore, the programme emphasises entrepreneurial growth and small business policy development with relevance to the enabling environment.

Who should enrol?

The programme is designed for pre-, nascent and start-up entrepreneurs who want to attain an advanced degree in entrepreneurship. It is also intended for individuals who work in an entrepreneurial environment and are involved with small business policy development. Although many students in the programme have academic credentials in entrepreneurship or business management, the programme is also appropriate if your education and/or experience may be in other disciplines (e.g. engineering or medicine).

Admission requirements

A relevant bachelor’s degree.

Related: This Enterprises UP Expert Explains Why Start-Ups Really Fail

Additional programme information

The duration of the course is one year. The language of tuition is English and the course will be presented in two blocks by means of the blended learning method (70% online and 30% contact sessions). Students need continuous access to the internet to complete the course.

Course Contents

Overview of modules for Block A

  • Ideation-to-market: Starting up
  • International Business Venturing
  • Venturing Strategy Building (Part 1)

Overview of modules for Block B

  • Entrepreneurial Marketing
  • Entrepreneurial Supply Chain Management
  • Entrepreneurial Finance
  • Venturing Strategy Building (Part 2)

Click here for more information.

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Win A Business Makeover With Retail Capital To The Value Of R250 000

Retail Capital is giving SMEs an opportunity to win a makeover to build their brand with an investment of R250,000.

Retail Capital

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Retail Capital is giving SMEs an opportunity to win a makeover to build their brand with an investment of R250,000. During the summer campaign, SMEs are encouraged to share the vision of how they would like to see their business grow, and led by a team of experts, Retail Capital will work with the winning SME to help make their vision come true.

While South Africa’s economy is not faring well, Retail Capital CEO Karl Westvig remains optimistic about the country’s retail and hospitality sectors. “We are seeing some green shoots, with an increase in turnover in these sectors – starting from the end of September. Economic conditions remain very tough, but businesses seem to be trading well into October and we’re hoping this continues into the festive season trading.”

According to recent statistics from Statistics South Africa (Stats SA), South Africa’s retail sales rose by 5.5% year-on-year in August 2017, following a downwardly revised 1.6% gain in the previous month and above market expectations of 2.3%. It is the biggest gain in retail trade since August of 2012.

Related: How To Raise Working Capital Finance

“I do believe that these sectors will see an improvement during the summer season. But, key to this will be for small business owners to ensure that they have the right amount of stock, adequate cash flow, as well as other systems in place to meet the ever-changing needs of customers,” says Westvig.

For many small businesses, however, continually adapting to market changes requires cash injections that they don’t often have.

The prize includes the following:

  • Business plan/consulting
  • Marketing strategy
  • Design and branding
  • Website and social Media and,
  • R50k capital to gear your business.

Westvig explains that the summer campaign tagline ‘Your Vision. Our Belief’ really speaks to why Retail Capital first opened its doors. “Our goal is to see the potential of small businesses and to work with them in making these become a reality.”

He adds that the idea is not to simply help one business during the campaign either. Westvig points out that one of the biggest challenges that small businesses face in the sluggish economy is enough foot traffic through their doors. “Generally, the main hurdle in creating brand awareness and projecting credibility of their establishments boils down to establishing a strong online presence.”

“One of the first ways that South Africans identify a business or service provider that they want to work with is over social media – even in a country where the digital divide has traditionally separated the technological haves from the have-nots,” he says.

He explains that companies that don’t have a social media presence are running the risk of being overlooked entirely. “They may attract customers in their own community with signage or word of mouth, but to grow a business, they need to expand their reach – and that’s where social media comes in.”

But, the reality is that resource and time constraints mean that for many SMEs, social media is not prioritised. “Unfortunately for the average small business owner, they don’t have the time or expertise to get connected.”

Understanding the importance of having an online presence, Retail Capital has also committed to developing the digital presence of all campaign entrants. This would include setting up each entrant’s digital presence on platforms such as Google, Facebook, Twitter, Tripadvisor, Zomato and any others that may be relevant to their specific market or industry.

“As a partner to many SMEs in South Africa, we are continually looking at new and innovative ways to help provide them with the much-needed support in order for them to realise their visions. SMEs need to be supported with initiatives like targeted education and training, supportive legislation, and funding opportunities that collectively help them grow our national economy,” says Westvig.

Related: 6 Great Tips For A Successful Shark Tank Pitch

Who we are and what we do:

“More than R1.25 billion has been extended to a range of businesses including food trucks, hair salons, restaurants, spas and franchised retail stores. Many of these businesses have not been able to raise funding in any other way, other than to go to unscrupulous lenders,”says Karl Westvig, the CEO Retail Capital, a company that provides working capital with the help of innovative lending technology.

“We have also estimated that for every R160 000 we lend, we create a new job. This means that 625 jobs have been created purely by enabling small businesses to get the funding they need for working capital requirements or expansion opportunities.”

Retail Capital’s system, which enables it to advance funding to small businesses, based on real time information on credit card transactions, is providing a new funding alternative to entrepreneurs who have previously been turned away by banks. Because it is able to get actual sales information, it can approve funding immediately, and allow for flexible repayment options based on sales cycles of the particular businesses it is funding.

“This creates significant opportunity for small business owners to focus on their business and grow volumes or look for expansion opportunities rather than spend their time frantically trying to repay debt or keep the business alive after debt repayments have eaten away at any cash reserves they might have had.”

Retail Capital funding is repaid by it taking a percentage of a business’s recorded credit or debit card sales, with repayments fluctuating in line with their business cycle. This has the effect of ensuring that it isn’t overburdened with debt.

“In the past six years since starting the business, small businesses have had the benefit of R1 billion in funding they would have been unable to get through traditional channels,”says Westvig.

Against the backdrop of recessionary conditions in South Africa, Retail Capital’s client information reveals growth in informal sector turnover across a number of industries.

“We believe that growth in the informal sector is outstripping that of the formal sector,”says Westvig.

As a large proportion of the businesses it funds are women- and black-owned, there is evidence that entrepreneurs who have previously been excluded from access to finance are now enjoying success now that their access to finance problem has been solved.

Win A Business Makeover with Retail Capital

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